This was the 515th hotel financed by First American Realty and the 40th in the state of VA.
Cameron J. Larkin, SVP of Hotel Financing & Business Development, arranged the financing on behalf of Akshar Partners, LLC.
“Mr. Larkin of First American Realty Associates approached me with a refinancing package which I could not turn down.” said borrower Madhu Patel, Managing Member of Akshar Partners. “They have in depth knowledge of the financing world, and above all they are fair and honest. Their coordination and persuasion is outstanding to accomplish the loan closing. We are already working with Mr. Larkin for our next project. Their services are impeccable and I highly recommend them.”
The Stafford Country Inn is superbly maintained and conveniently located between Washington, DC and Fredericksburg, VA. Built in 1995 it was the first Carlson-branded Country Inn in Virginia. Nearby demand generators for the hotel include the FBI/DEA Academy, Quantico Marine Base and Museum, Civil War Battlefield Parks, and significant Washington, DC beltway commercial business.
FIRST AMERICAN REALTY ASSOCIATES, LLC is a national hospitality company that focuses exclusively on hotel financing including construction, acquisition, refinancing, renovation, and repositioning/conversion loans. Founded in 1976, and with offices in New Jersey and Texas, First American has financed 515 hotels across 44 states totaling $2.07 billion. Its licensed professionals have over 50 years combined Hospitality and Financial Services experience. They are members of the Mortgage Bankers Association (MBA), American Hotel & Lodging Association (AH&LA), and Certified Commercial Investment Member Institute (CCIM).
